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Your First Move For Friday June 12th

Thursday, 11 Jun 2009 | 6:18 PM ET

Here’s our Fast Money Final Trade. Our gang gives you tomorrow’s best trades, right now.

Guy Adami recommends long Clorox . “These guys are doing everything right,” he says (Click here to find out more!)

Karen Finerman suggests a pairs trade; long Wal-Mart and short the SPDR S&P Retail against it. “The specialty retailers are too high,” she says.

Joe Terranova says, “sell the greed and get flat the resource energy names.”

Jeff Macke bluntly states “Take money out of the market!"

Fast Money Final Trades
The Fast Money traders offer special CNBC.com-only advice on your investments.

See other "Fast Money" Final Tradeposts.


But that’s not all. Following are the “Fast & Furious” trades. Yes, now we bring you even more Fast ways to trade tomorrow's market moving events.

HOW ARE YOU FEELING? We’ll get a reading on the consumer with the release of the Michigan Sentiment Indicator; the number is expected to come in at 69, up from last month's reading.

The survey doesn't matter, says Jeff Macke. To say the consumer feels better than before is like being the tallest of the 7 dwarves.


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OIL GOING TO $40 IN FALL? Peter Beutel of Cameron Hanover told CNBC earlier in the day, "I think there is a chance that we may be setting up to make a double bottom… I honestly think there is a very, very good chance that you'll see oil at $40.”

The tape suggests to me that oil isn't going to $40 anytime soon, says Joe Terranova.


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BUY TBT: Treasury yields dropped after Thursday's 30-year auction; should you buy the TBT and bet against them?

I wouldn't jump in right here, counsels Karen Finerman.

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BUY APPLE? Earlier on the Halftime Report, trader Jeff Tomasulo said if Apple can get above the $140 level, he’d be a buyer. And you?

The stock went from $78 to $140, counsels Guy Adami. I think it goes lower from here.

Fast & Furious
The Fast Money traders look at tomorrow's big business stories.

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Trader disclosure: On June 11th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (GS), (INTC), (BTU), (MSFT), (NUE); Macke Owns (BAC), (AGU), (USO), (SDS); Finerman Owns (RIG), (TBT); Finerman's Firm Own (NOK), (PBR), (RIG), (TBT); Finerman's Firm Is Short (BAC); Finerman's Firm Owns (BAC) Preferred; Finerman Owns (BAC) Preferred; FInerman's Firm Owns (WFC) Preferred; Finerman Owns (WFC) Preferred; Terranova Owns (TER), (SDS), (XBI), (ABT), (RIMM), (GENZ); Terranova Is Short (RIG), (OIH), (FCX); Terranova Is Short (XOM) Call Spread; Terranova Owns (BRCM) & (BRCM) Calls; Terranova Owns (MS) & (MS) Calls; Terranova Owns (HES) & (HES) Calls; Terranova Owns (DIS) Call Spread; Terranova Owns (X) & (X) Calls; Terranova Owns (JPM) & (JPM) Calls; Terranova Owns (POT) & (POT) Calls; Terranova Owns (IBM) & (IBM) Calls

  Price   Change %Change
CLX
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TBT
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WMT
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SPDR SPRET
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AAPL
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  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

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